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Sustainable Energy Bond Program Helps Cities Reduce Energy and Water Costs without Upfront Capital

March 19, 2014
The California Statewide Communities Development Authority (CSCDA) and the Foundation for Renewable Energy and Environment are teaming together to provide public agencies and nonprofit organizations throughout California with access to tax exempt financing for sustainable energy investments.
 
Under the Sustainable Energy Bond Program participating entities and organizations have the ability contract with a pre-qualified Energy Service Company to complete energy and water conservation measures. Improvements could include street lighting, building lighting, pumps, HVAC, system controls, boilers, chillers, ducting, windows, partial roofing, toilets and others.
 
Participants will receive substantial utility cost savings, including a contractual guarantee sufficient to cover the full cost of all retrofit work. Projects will be financed through tax-exempt bonds. This is a self-funding approach to building infrastructure investment that enables cities to make sustainable improvements to facilities that will produce guaranteed reductions in energy and water costs that has the added benefit of freeing up cities’ capital budgets to focus on the essentials of fulfilling cities’ core mission.
 
To learn more about how your city or county can take advantage of this exciting and innovative program, contact info@freefutures.org or call (212) 705-8758.
 
CSCDA is co-sponsored by the League of California Cities and California State Association of Counties.


 
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